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Navigating the world of auto insurance can be confusing, especially if you’re a new driver or have just moved to the state. While insurance requirements can vary significantly from one person to the next, you can use this guide to determine what you actually need as you select a new auto insurance policy. Keep reading as the professionals from Altra Insurance Services, the premier providers of car and motorcycle insurance San Diego County drivers trust for reliable, high-quality service, explain what you need to know about the type of car insurance you need.
Know the Minimum Liability Insurance Requirements
Liability insurance is required for all drivers on public roads, and making sure you have the correct coverage amounts is critical for avoiding costly fines and issues with registering your vehicle. Reputable insurance companies already have plans in place to help you make sure your coverage complies with state laws.
However, it still helps to know you’ll need at least $30,000 in coverage for single-person injuries or deaths. The amount should also include $60,000 in coverage for more than one person’s personal injuries. For property damage, you’ll need at least $15,000 in coverage. Keep in mind these are the most recent coverage requirements, and they can change from one year to the next.
Consider Your Auto Loan Lender’s Requirements
Auto loan lenders tend to require specific types of insurance to protect their investment. For instance, you may need to purchase collision insurance that covers repairs for your car if you’re found to be at fault for an accident. Comprehensive auto insurance also could be required to cover damages from fires, vandalism, and other types of unforeseen events.
Since the requirements can vary from one lender to another, it’s best to check the terms of your loan agreement. Typically, you’ll be required to list your lender on your policy as an interested party, and you may need to furnish proof of insurance to your lender to maintain your loan agreement.
Explore Optional Types of Coverage
Once you have the basic requirements for your insurance policy, it’s worth checking to see if you might be able to afford extra coverages. For instance, uninsured motorist coverage protects you from financial harm if the at-fault driver lacks the proper insurance for handling a claim.
Some drivers may also prefer gap insurance that can help them pay off a car loan if the vehicle is totaled or other requirements are met. While you might not need these types of insurance to meet state requirements, they can be beneficial to have during challenging times.
Overcome Potential Affordability Challenges
When you’re concerned about the cost of auto insurance, you might have several options to make sure you maintain the required amounts of coverage. For instance, California’s Low Cost Auto Insurance program is available to help qualified drivers get affordable coverage that meets the state’s legal requirements.
You might also be eligible to receive discounted insurance rates for having a good driving record or bundling other types of policies into your coverage plan. Talking to your insurance company about any challenges you have with paying for a policy can help them guide you to the appropriate resources.
It’s important to find reasonably priced auto insurance Chula Vista residents can trust to protect them in the future. If you need affordable, reliable car insurance, look no further than the trustworthy pros at Altra Insurance Services. We can take care of a variety of your insurance needs, including motorcycle, homeowners, and business insurance. Give us a call today to find out more about our high-quality insurance products and impeccable service.